KCA Deutag bags $170 million rig contract Power and Energy

Sonangol Pesquisa e Produção, SA awarded a US$170 million jackup contract to International drilling and engineering contractor KCA Deutag for the Ben Rinnes jackup rig in Angola.

The agreement which come with a two-year extension option, states that KCA Deutag’s offshore division will facilitate drilling and completion services, in numerous offshore locations in Angola. The contract will employ around 100 people, the majority of whom will be Angolan nationals.

The Ben Rinnes is one of two jack-ups in KCA Deutag’s rig fleet. Since January 2013, the rig has been operational in Gabon, where it finished a multi-well drilling program. It has attained an excellence performance record, celebrating six years LTI in April 2014.

KCA Deutag currently manages three platform drilling rigs in Angola, it has been operating in the country since 2005.

The recent award reflects the quality and strength of our operations throughout the world, and our way of working with our clients to understand and deliver their needs with regards to drilling solutions for the future. In Africa, Angola is the second largest oil producer and it continues to be a dominant hub of activity for KCA Deutag. We have worked hard to develop a solid presence within the region and this contract helps to accelerate our operations further ahead, says, Rune Lorentzen, president of offshore division at KCA Deutag.